Inder Chand Jain - Page 2

SC expresses concern over mounting pendency of cases u/s 138 of NI Act & directs establishment of Special Courts in selected cities

In re Expeditious Trial of Cases Under Section 138 of N.I. Act 1881 (Supreme Court of India)

The Government legislated the Negotiable Instrument Act in 1991 making cheque bounce a criminal offence. But the delay in disposal of cases frustrated the very spirit of the NI Act....

SC deprecates practice of Insurance Companies to deny genuine & lawful claims of Insured on technical & flimsy grounds

Gurmel Singh Vs Branch Manager National Insurance Co. Ltd. (Supreme Court of India)

Gurmel Singh Vs Branch Manager National Insurance Co. Ltd. (Supreme Court of India) It is common knowledge that the Insurance Companies deny the genuine & lawful claims of the Insured on technical & flimsy grounds. Be it vehicle loss/accidental claims or health insurance claims or theft/fire claims, the insurance companies desig...

SC explains Scope of Review Petition- Verdict in Sidhu reviewed

Jaswinder Singh (Dead) Vs Navjot Singh Sidhu & Ors. (Supreme Court of India)

The brief facts of the case are that during a road rage, Gurnam Singh died in a scuffle and Sidhu & his friend faced charges of culpable homicide. The trial court post trial acquitted both the accused in1999 as it was of the view that the death was not caused by subdural haemorrhage and the deceased suffered sudden cardiac arrest under st...

Prosecution of Partners/Directors without arraigning firm/company as accused for dishonour of cheque not maintainable u/s 138 of NI Act: SC

Dilip Hariramani Vs Bank of Baroda (Supreme Court of India)

Dilip Hariramani Vs Bank of Baroda (Supreme Court of India) It is common knowledge that complaint under section 138 of the Negotiable Instruments Act, 1881 for dishonour of cheques are usually made against the directors of the company or the partners of the partnership firm and the company or the partnership firm are not arraigned [&helli...

Apex Court Dictum of automatic vacation of stay in Asia Resurfacing case not applicable in all facts & circumstances

Asian Resurfacing of Road Agency P. Ltd. Vs Central Bureau of Investigation (Supreme Court of India)

Asian Resurfacing of Road Agency P. Ltd. Vs Central Bureau of Investigation (Supreme Court of India) The Apex Court in the historic case of Asian Resurfacing of Road Agency Private Limited and Another v. Central Bureau of Investigation (2018) 16 SCC 299 had ruled that in all civil & criminal cases stay granted by a […]...

Personal use of Mobile phones in Govt Offices tantamount to Misconduct & Indiscipline- strict action imperative

D. S. Radhika vs. The State of Tamilnadu & others (Madras High Court)

D. S. Radhika vs. The State of Tamilnadu & others (Madras High Court) It is common knowledge that people of all ages, groups, background, regions, states, cities & villages in our country are obsessed with mobiles. This obsession has increased with free calls, free messages, free whatsApp, free twitter, free Facebook, free unlimit...

FM Madam: Please withdraw Super Rich Tax

It is an anomaly that Individuals & HUFs are being subjected to Income Tax at the highest rates. Majority of the Corporate Sector is paying Income Tax of 25.17% including cess & surcharges. The LLPs & Partnership entities pay 31.2% Income Tax including cess. But, with the introduction of Super Rich Tax in Budget 2019, [&hellip...

Posted Under: Corporate Law |

Budget 2022: Provision of Social Security for Income Tax Assessees- Need of Hour

The Developed countries provide for Social Security for it’s  Citizens. The citizens who spend their whole life in the service of the country & the society after long hard work do need Social Security. In our country, those in Government & Semi Government jobs get social security through various Government schemes while in ...

Posted Under: Corporate Law |

FM Madam- Please Enhance limit of Section 80C of Income Tax Act

Whenever a Budget is introduced in the Parliament, the middle income group primarily eye Section 80C of the Income Tax Act as it is the most popular and favourite section affecting the nett tax liability of the taxpayers. The rationale behind this deduction is to induce savings by investing in tax saving investments or incurring […...

Budget 2022 – Increase Standard Deduction for Salaried Class

The salaried persons perhaps have no say in the Budget. Businesses and the self employed manage their taxable incomes but the salaried class cannot escape the clutches of the Income Tax Department because the employer is mandated for deducting tax at source....

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